The performance review meeting of Faravard Qeshm Chemical Company was held with the presence of PIIC’s senior executives, deputies, and the CEO and managers of the company.
According to the Public Relations Department of Petrochemical Industries Investment Company (PIIC), the session evaluated Faravard Qeshm’s performance based on key indicators such as production, sales, productivity, innovation, and asset management. Areas for improvement were discussed, and upcoming challenges were analyzed.
In the recent period, Faravard Qeshm Chemical Company has recorded significant growth in production and sales, outperforming previous periods. The company notably increased its net profit-to-cost ratio. This achievement was realized despite limitations in feedstock supply and frequent power outages. Through technical measures, production returned to full capacity, and a stable production trend was maintained.
Focus on productivity, optimal cost management, sustainable feedstock supply, and organizational cohesion were identified as key success factors. These efforts led to performance exceeding budget expectations in the first quarter of the year and earned praise from the CEO of Shasta for the company’s team.
It is worth noting that Faravard Qeshm Chemical Company is a subsidiary of PIIC Holding and operates in the production of polyethylene products, including three-layer shrink film, FFS polyethylene bags, and pallets. Relying on its skilled workforce and market development approach, the company is pursuing increased domestic market share and expanded exports.
